To demonstrate how 'the system' works now the finance lobbyists have co-opted the ASX and ASIC into allowing them to loot the public purse, here are similar set ups in the run up to the destruction of both the coal and iron ore sectors in Australia. If you ask ASIC about this, they will say there is no problem because that is the company line.
My coal index: which was subsequently tanked 25% by the algos.
My Iron Ore index: which was subsequently tanked 40% by the algos.
You will know it is over when you see them dumping out entire substantial holdings of O.P.M. onto their shorts after a long price decline which they suddenly decide to do at the bottom to 'prevent further losses'.
It's a bloody disgrace. In 20 years Australia will be like Detriot with half a dozen gleaming bank towers amongst the squalor and everyone will be wondering where the money went.
The lobbyists and bureaucrats who engineered the Australian public markets to allow them to be gamed like this should be charged with treason. ASIC busy shining the light everywhere but where it needs to.
